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This question is about salaries.
What is floating holiday pay?
Floating holiday pay represents a paid day off for an employee and is often offered as a replacement for a public holiday. This is typically offered in addition to paid time off and vacation.
Floating holidays differ from paid holidays in that the employee makes the choice of when to use their floating paid holiday(s).
This is also a great opportunity for employers to show respect to employees that have religious holidays that are not reflected on the company holiday calendar.
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